Overview
- Updated On:
- August 29, 2024
- 6 Bedrooms
- 7 Bathrooms
- 7,412 ft2
Description
Fantastic investment opportunity in the heart of Preston. A well-maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great upside potential. 2 – two bedroom units and 2 – one bedroom units on the upper levels. Main floor commercial with great street exposure and long-term leases. Potential for additional storage income. Parking for 3 vehicles out back. Schedule a viewing today!
Address: 660 King Street E, Cambridge ON N3H 3N6
City: Cambridge
State/County: Waterloo
Zip: N3H 3N6
Country: CA
Open In Google Maps Property Id : 1597377
Price: $ 1,575,000
Property Size: 7,412 ft2
Bedrooms: 6
Bathrooms: 7
Other Features
Dryer
Has Heating System
Open Parking
Refrigerator
Separate Heating Controls
Separate Hydro Meters
Stove
Washer
$ 6,106.59
per month- Principal and Interest
- Property Tax
- HOA fee
$ 6,106.59
Similar Listings
4791 Road 179, Brodhagen ON N0K 1E0
$ 399,900
Great brick building wth lots of potential. Lost of storage space, 21’5 x 29 / 24 ...
Great brick building wth lots of potential. Lost of storage space, 21’5 x 29 / 24′ x 21’5 with ki ...
40 Facer Street, St. Catharines ON L2M 5H5
$ 649,900
Investor Alert! Fantastic, Turn-key LEGAL TRIPLEX with 3 hydro meters. CASHFLOW Positive! ...
Investor Alert! Fantastic, Turn-key LEGAL TRIPLEX with 3 hydro meters. CASHFLOW Positive! Fully tenanted with great ...
239 East 22nd Street, Hamilton ON L8V 2V8
$ 749,000
Larger than it appears this property offers you a unique opportunity to live in one unit a ...
Larger than it appears this property offers you a unique opportunity to live in one unit and have the convenience o ...
51 Newcastle Court, Kitchener ON N2R 0G7
$ 1,199,888
Exquisite Legal Duplex Opportunity! Nestled on a serene cul-de-sac within the vibrant Huro ...
Exquisite Legal Duplex Opportunity! Nestled on a serene cul-de-sac within the vibrant Huron South enclave, this EXC ...